• Andrea Lillo

July comps off to a good start

New York - With an assist from the Fourth of July holiday weekend, retailers kicked off the month ahead of plan, according to the Johnson Redbook.
Same-store sales in the discount segment jumped 6.1% while the department store channel rang up a 4.2% increase. With the holiday falling one day later than last year and falling over a weekend, the sales impact stretched into two weekly reporting periods.
Redbook analyst Catlin Levis noted that the focus in July is on clearing seasonal inventories.
"Sales performance is typically driven by discounting, which can vary sharply from week-to-week depending on individual store promotions and the availability of goods on sale," she said.

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See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!